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Notice of foreclosure Bankruptcy file Bankruptcy

Using Chapter 7 Bankruptcy

Chapter 7 Bankruptcy, known as "straight bankruptcy", clears most of your debts, with some exceptions. You may be unable to retain some property, keeping only essentials you'd need to maintain a quality of living standard. In some cases, your property may be seized to pay your creditors.

Find out if bankruptcy is the right option for you

Thinking about filing for bankruptcy? Then consult with the attorneys at Eggert & Associates LLC! You can refer your creditors to us so they stop contacting you, and you can pay us over time if you can't pay-in-full up front. The fees you'll incur are wholly dependent on the type of bankruptcy case and the complexity of your case. Same-day brief phone consultations are available!

If you call Eggert & Associates LLC, you can rest assured that your call will be returned within 24 hours so that we can get the ball rolling on your consultation and case!

When can bankruptcy help?

Chapter 7 bankruptcy allows you to discharge your debt without plans for repayment. Bankruptcy is only valid for those with a large debt load!

  • You are unable to pay your utility bills

  • You have medical expenses you cannot afford to repay

  • Your house is going into foreclosure

  • Your car is about to be repossessed

  • You have been unemployed for months and cannot pay off the debts

Understand key parts of bankruptcy law

The rules for your bankruptcy will vary from state to state; some states may allow you to keep your vehicle, clothing, jewelry, life insurance, retirement plan and other assets. First, your possessions will be itemized and valued; then the judge will make a ruling on whether or not your property is exempt or non-exempt. In  Kailua-Kona, Hawaii you'll pay a filing fee of $335 to start the process of filing for Chapter 7 Bankruptcy (this fee also varies by state).

Explore the process of claiming bankruptcy

Ensure that you consult with an attorney from Eggert & Associates LLC before filing for bankruptcy! Our team will provide you with counsel from a U.S. Trustee-approved agency (to be completed less than 180 days prior to filing for bankruptcy. You'll earn a certificate which will need to be filed with the Bankruptcy Court.

 

You may also want advice on property retention in bankruptcy. Exemptions are based on the equity of the property; if you have acquired a property via a loan and you're repaying, and your exemption is covered by the equity, you can keep the property through bankruptcy! Find all the information you need by contacting Eggert & Associates LLC today!

Call Eggert & Associates LLC today and schedule your 1-hour initial consultation at our Kailua-Kona, HI office - call now, available by appointment only!